Examples of Electronic Money Regulations in a sentence
All relevant funds corresponding to your Available Balance are segregated from our funds and held in the Customer Funds Account in accordance with the safeguarding requirements of the Electronic Money Regulations 2011 by law.
Moorwand Ltd is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Register ref: 900709) for the issuing of electronic money and payment instruments.
Please note that the funds held in your E-wallet are NOT protected by the Financial Services Compensation Scheme; however, we follow the requirements of the Electronic Money Regulations 2011 which are designed to ensure the safety of funds held on accounts such as this.
In the event that we become insolvent, your funds are safeguarded under the EU Electronic Money Directive 2009/110/EC and UK Electronic Money Regulations 2011 which are designed to ensure the safety of funds held in electronic money accounts like your Monese Account.
Dozens is authorized by the Financial Conduct Authority as an electronic money institution under the Electronic Money Regulations 2011 for issuing of electronic money (FRN 900894), and our registered information can be found on the FCA’s website www.fca.org.uk.
They derive their authority from the FCA’s rule-making powers as set out in the Act, including as applied by the Payment Services Regulations and the Electronic Money Regulations, and reflect the statutory objectives.
The Electronic Money Directive is given effect in the United Kingdom by the Electronic Money Regulations.
If you have chosen to use Sage Payments with your Sage product, please note that the Sage Payments service is provided to you by Sage Payments (UK) Ltd, which is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Register Reference: 900180) for the issuing of electronic money.
In the event that we become insolvent, your funds are safeguarded under the EU Electronic Money Directive 2009/110/EC, UK Electronic Money Regulations 2011 and Belgian Law of 11 March 2018 regarding the legal status and the supervision of payment institutions and electronic money institutions, which are designed to ensure the safety of funds held in electronic money accounts like your Monese Account.
All relevant funds corresponding to your Available Funds are held in a NatWest bank account separate from our own funds in accordance with the safeguarding requirements of the Electronic Money Regulations 2011 (“Safeguarded Account”) .